RBA relaxed about housing downturn but deeply worried by AI and bonds
Despite Australia’s rapid housing downturn, which threatens to be the worst in decades, the Reserve Bank believes the…
Households benefiting from lower interest rates as arrears levels drop – Centrix report
“At the consumer level, credit conditions are showing some clear signs of stabilisation,” Centrix chief operating officer Monika…
Auckland nail salon owners ordered to repay $190k in wage arrears
Three years ago, two employees complained to the Labour Inspector, who then investigated the companies between May 30,…
Official Cash Rate cuts: Mortgage arrears at two-year low after OCR cuts
More than $2.2 billion in housing loans was classed as non-performing in October 2025, compared to $1.4b in…
Hawke’s Bay: Rates arrears concern in Wairoa as amount owing doubles in one year
“Wairoa people are struggling in the aftermath of Cyclone Gabrielle and the flooding that resulted from the bar…